The US dollar is currently in a correction, but is likely to continue the trend down.
EUR/GBP: main trend is still bearish
Information is not investment advice
The main trend is still bearish. The last low has been broken, but there's a 'V-Bottom' pattern, which has been confirmed. Meanwhile, it's likely that the market is going to reach the previously tested support at 0.8483 - 0.8471 once again. The subsequent pullback from this area could be a starting point for an upward price movement in the direction of the nearest important resistance at 0.8616 and the 34 Moving Average.
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
AUD/USD tried to recover this week, but its advance was stopped by the 100-day MA at 0.6830.
GBP/CAD has broken above the ascending triangle, which is now providing support in the 1.7100/1.7060 area.
EUR/NZD has been descending since the middle of October when it recoiled down from the resistance line connecting 2015 and 2018 highs.